Abstract
This work considered the economic security of an enterprise with regard to the valuation of intangible assets according to the International Valuation Standards (IVS). This study is essential due to a growing number of companies with intangible assets (trademarks, patents, know-how, etc.) as their main value. This study included analysis of the impact created by the value of intangible assets and intellectual property on company capitalization and economic security plus a regression model. An algorithm was developed to determine the economic security of a business based on the valuation of intangible assets according to the IVS. The suggested algorithm can allow a company to manage its intangible assets effectively using the IVS, which, in turn, will provide the required level of economic security for further development and achievement of strategic goals by the business entity.
Highlights
The issues of providing business entities with economic security in a time when multiple internal and external threats are being faced are of top priority today
The paper details an algorithm for determining the economic security of businesses based on the valuation of intangible assets according to the International Valuation Standards (IVS), along with discussion of the results and conclusion
This study analyzed the impact that the value of intangible assets and intellectual property has on capitalization of companies and their level of economic security, based on calculated values
Summary
The issues of providing business entities with economic security in a time when multiple internal and external threats are being faced are of top priority today. Property Organization (WIPO), intellectual property accounts for over 75% of all earnings in the world economy (World Intellectual Property Organization 2017). Companies are always investing in intangible assets and intellectual property in attempts to outrun their competitors (World Intellectual Property Organization 2017). A considerable growth in the number of cases on the rights for intangible assets and intellectual property heard by the Court of Intellectual Rights of the Russian Federation is evidence of growing losses caused by the violation of rights in this sphere. According to the latest survey of the cases related to settling disputes on intellectual rights, 742 cases of this category were considered in 2018 in Russia, with 710 of them being about providing or terminating legal protection of the results of intellectual activity and means of identification. The growth rates as of the first six month of 2019 amounted to
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